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Tevogen Bio Highlights Proprietary Assets and Upcoming Valuation Disclosure
Globenewswire· 2025-08-27 19:20
Core Insights - Tevogen Bio Holdings Inc. has significant internally developed assets that are not reflected on its balance sheet but represent substantial long-term value [1][3] - The company plans to provide detailed information and valuation of these assets in the near future [1] Asset Overview - Key assets include PredicTcell™, which utilizes AI algorithms to predict peptide–T cell receptor interactions, thereby accelerating development and expanding the pipeline [1] - AdapTcell™ employs AI models to decode HLA–T cell interactions, enhancing immune system insights and revealing new therapeutic paths [2] Intellectual Property and Technology - Tevogen holds three granted U.S. patents and has twelve pending U.S. patents, including two related to artificial intelligence [6] - The company has strategic collaborations with Microsoft and Databricks to support its AI technology [6] Drug Development and Clinical Pipeline - The ExacTcell™ platform focuses on highly purified, target-specific CD8+ cytotoxic T lymphocytes (CTL) [6] - The clinical pipeline includes therapeutics designed to treat cancers while allowing patients to continue oncology care, with potential expansion into non-oncology indications [6] Financial Position - Tevogen has access to a line of credit and is well-capitalized for current operations [6] - The company is establishing internal GMP manufacturing capabilities [6] Facilities - Tevogen operates a drug discovery lab in Philadelphia and has its headquarters in New Jersey [6]
Tevogen.AI Builds Alpha Version of PredicTcell™ Model with Microsoft and Databricks; Observes Drastic Time Reduction in Target Analysis Translating to Potential Savings of Billions in Drug Development Costs
Globenewswire· 2025-07-14 13:30
Core Viewpoint - Tevogen Bio Holdings Inc. has successfully developed the alpha version of its AI-driven PredicTcell™ model in collaboration with Microsoft and Databricks, aiming to revolutionize therapeutic development through enhanced target discovery and accelerated clinical research [1][3]. Group 1: Technology and Innovation - The PredicTcell model utilizes a terabyte-scale dataset with nearly a billion genetic and proteomic elements, significantly improving target discovery and reducing protein sequence analysis time from months to hours through advanced machine learning techniques [2][7]. - Tevogen.AI's initiatives are expected to streamline early-stage drug discovery, potentially generating billions in cost savings across the healthcare system and creating substantial top-line revenues for early adopters [7]. Group 2: Future Developments - The company plans to enhance the PredicTcell platform by expanding its datasets to include virology, oncology, and neurology, which may lead to improved accuracy and reduced time for wet lab testing [3][4]. - Additional advancements in clinical trial optimization and patient market analysis through the complementary AdapTcell™ model are anticipated to be announced in future communications [4].
Tevogen CEO Contributes to Build-Out and First-Year Operations of New Headquarters
Globenewswire· 2025-06-30 18:28
Core Insights - Tevogen Bio Holdings Inc. emphasizes the significance of AI in drug discovery and has made a substantial investment in its new corporate headquarters [1][2] - The new facility will enhance collaboration among cross-functional teams and support the development of Tevogen's AI platforms [2][3] - The CEO's personal investment reflects strong leadership conviction in the company's mission and long-term vision for affordable cell therapies [3] Company Developments - The CEO, Ryan Saadi, M.D., M.P.H., contributed $500,000 for the build-out and first-year operating costs of the new headquarters in Warren, New Jersey [1] - The new facility more than doubles the previous operational footprint and centralizes various teams, including research and regulatory affairs [2] - The dedicated collaboration spaces are designed to facilitate the work of data scientists and engineers on Tevogen's proprietary AI platforms, PredicTcell™ and AdapTcell™ [2] Financial Outlook - The CFO, Kirti Desai, highlighted that the CEO's investment underscores the leadership's commitment to capital discipline while enabling efficient scaling [3]
Tevogen Details its Artificial Intelligence Initiative, Tevogen.AI; Proprietary AI-Powered Immunotherapy with Microsoft and Databricks Partnerships
Globenewswire· 2025-05-30 15:01
Core Insights - Tevogen Bio Holdings Inc. is advancing its artificial intelligence initiative, Tevogen.AI™, to enhance its immunotherapy development pipeline and reduce costs [1][2] Group 1: Tevogen.AI Initiative - Tevogen.AI aims to integrate machine learning and predictive modeling with ExacTcell™ technology to improve target identification and pre-clinical processes [2] - The initiative includes two proprietary technologies with patents pending, and the company plans to expand its AI applications beyond its current scope [3] Group 2: Strategic Partnerships - Tevogen has partnered with Microsoft for AI expertise and cloud infrastructure, and with Databricks for data engineering and analytics to enhance predictive accuracy [5] Group 3: Proprietary Technologies - PredicTcell™ utilizes AI to predict immunologically active peptide complexes, improving precision in immunotherapy treatments [6] - AdapTcell™ focuses on decoding interactions between human leukocyte antigens and T cells, enhancing understanding of immune responses [8][9] Group 4: Future Plans - Tevogen.AI plans to utilize its platforms for clinical trial patient identification, aiming for efficiency and cost reduction in drug development [10]